Would you rather pay $10,000 for a 5-year $2,500 annuity or a 10-year $1,250 annuity? Why?

Question:

Would you rather pay $10,000 for a 5-year $2,500 or a 10-year $1,250 Why?
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...